Additions to property, plant and equipment by segment in 2012Enlarge image
Additions to property, plant and equipment by region in 2012Enlarge image
In 2012, we invested €4,109 million in property, plant and equipment. Total investments therefore exceeded the previous year’s level by €976 million. Our investments in 2012 focused on the Chemicals, Plastics, Performance Products and Oil & Gas segments.
In Ludwigshafen, we are building an integrated TDI facility with a capacity of 300,000 metric tons per year and expanding the plants for its associated precursors. Production is expected to begin at the end of 2014. TDI is an important basic chemical product that is used in particular for soft polyurethane foams.
Since November 2012, we have been producing cathode materials in Elyria, Ohio, for lithium-ion batteries for hybrid and electric cars. With this investment, we have made a significant step in the implementation of our strategy in the electromobility growth market.
The construction of the new MDI plant in Chongqing, China, and acrylic acid and superabsorbent production complex in Camaçari, Brazil, as well as the expansion of our Verbund site in Nanjing, China, are progressing. With these major investments, we are expanding our presence in the growth regions Asia and South America.
In the Oil & Gas segment, we invested primarily in field development projects in Norway and Russia in 2012. Moreover, we have agreed to assume further activities in these two countries with Statoil and Gazprom in 2013. This will result in additional investments.